Fox Run Management L.L.C. Invests $917,000 in Expedia Group, Inc. $EXPE

Fox Run Management L.L.C. purchased a new position in Expedia Group, Inc. (NASDAQ:EXPE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,291 shares of the online travel company’s stock, valued at approximately $917,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Expedia Group by 0.8% in the 3rd quarter. Bessemer Group Inc. now owns 6,201 shares of the online travel company’s stock worth $1,325,000 after acquiring an additional 52 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Expedia Group by 4.3% in the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company’s stock worth $227,000 after purchasing an additional 55 shares in the last quarter. Blue Trust Inc. increased its holdings in Expedia Group by 8.0% during the 3rd quarter. Blue Trust Inc. now owns 745 shares of the online travel company’s stock worth $159,000 after purchasing an additional 55 shares during the period. Millington Financial Advisors LLC increased its holdings in Expedia Group by 0.4% during the 3rd quarter. Millington Financial Advisors LLC now owns 13,308 shares of the online travel company’s stock worth $2,870,000 after purchasing an additional 55 shares during the period. Finally, Westside Investment Management Inc. raised its position in Expedia Group by 43.2% during the 3rd quarter. Westside Investment Management Inc. now owns 189 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.

Analysts Set New Price Targets

EXPE has been the topic of a number of recent research reports. Rothschild & Co Redburn increased their price target on Expedia Group from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Evercore reiterated an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Truist Financial raised their target price on shares of Expedia Group from $210.00 to $252.00 and gave the company a “hold” rating in a research report on Tuesday, February 10th. Mizuho upped their price target on shares of Expedia Group from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Expedia Group from $329.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $282.55.

Insiders Place Their Bets

In other news, Director Madhumita Moina Banerjee sold 1,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $258.00, for a total transaction of $258,000.00. Following the sale, the director owned 2,916 shares in the company, valued at approximately $752,328. The trade was a 25.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.13% of the company’s stock.

Expedia Group Trading Up 7.0%

NASDAQ EXPE opened at $217.93 on Friday. Expedia Group, Inc. has a 52 week low of $130.01 and a 52 week high of $303.80. The company has a 50 day moving average price of $260.13 and a 200 day moving average price of $241.20. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.75. The firm has a market cap of $26.71 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, February 12th. The online travel company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.46. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.41 billion. Expedia Group had a net margin of 8.78% and a return on equity of 72.23%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.39 earnings per share. As a group, sell-side analysts forecast that Expedia Group, Inc. will post 12.28 EPS for the current fiscal year.

Expedia Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. This is a boost from Expedia Group’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, March 5th. Expedia Group’s dividend payout ratio (DPR) is 16.24%.

Expedia Group Profile

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.